Key Points
- Christopher Bohrson, Cohu’s SVP, sold 1,500 shares on May 11 at an average price of $51.28, worth about $76,920. The sale was disclosed to the SEC and was made to cover tax withholding obligations tied to vested equity awards.
- Cohu’s shares were trading lower on the day, and the stock had recently moved near its 52-week high of $52.43 after a sharp run-up. The company also reported a strong balance sheet, with a quick ratio of 5.31 and a current ratio of 6.43.
- For its latest quarter, Cohu posted $0.01 EPS, missing analyst expectations, while revenue came in at $125.12 million, above forecasts and up 29.3% from a year earlier. Analysts remain generally positive, with a consensus rating of Moderate Buy and an average price target of $49.
Cohu, Inc. (NASDAQ:COHU - Get Free Report) SVP Christopher Bohrson sold 1,500 shares of the business's stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $51.28, for a total value of $76,920.00. Following the completion of the transaction, the senior vice president owned 173,702 shares in the company, valued at $8,907,438.56. This trade represents a 0.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Christopher Bohrson also recently made the following trade(s):
- On Wednesday, April 15th, Christopher Bohrson sold 1,000 shares of Cohu stock. The stock was sold at an average price of $38.00, for a total value of $38,000.00.
- On Monday, March 16th, Christopher Bohrson sold 1,000 shares of Cohu stock. The shares were sold at an average price of $28.57, for a total value of $28,570.00.
Cohu Trading Down 3.8%
NASDAQ:COHU opened at $49.32 on Wednesday. The stock's 50 day moving average price is $36.34 and its 200 day moving average price is $29.71. Cohu, Inc. has a 52 week low of $16.46 and a 52 week high of $52.43. The company has a market capitalization of $2.33 billion, a P/E ratio of -41.45 and a beta of 1.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.31 and a current ratio of 6.43.
Cohu (NASDAQ:COHU - Get Free Report) last posted its earnings results on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.02). The business had revenue of $125.12 million during the quarter, compared to analyst estimates of $122.14 million. Cohu had a negative net margin of 11.54% and a negative return on equity of 3.50%. Cohu's revenue was up 29.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.02) earnings per share. On average, research analysts forecast that Cohu, Inc. will post 0.17 EPS for the current fiscal year.
Wall Street Analyst Weigh In
COHU has been the topic of several analyst reports. Needham & Company LLC increased their target price on shares of Cohu from $33.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Zacks Research raised Cohu from a "strong sell" rating to a "hold" rating in a research report on Monday, April 20th. Evercore reissued an "outperform" rating and set a $53.00 price objective on shares of Cohu in a report on Tuesday, April 28th. TD Cowen raised their price objective on Cohu from $35.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Finally, Jefferies Financial Group set a $60.00 target price on Cohu and gave the stock a "buy" rating in a report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $49.00.
Get Our Latest Report on Cohu
Institutional Investors Weigh In On Cohu
Hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. grew its position in shares of Cohu by 45.4% in the third quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 488 shares during the last quarter. Hollencrest Capital Management acquired a new stake in shares of Cohu during the 1st quarter worth approximately $31,000. Hantz Financial Services Inc. grew its holdings in shares of Cohu by 83.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company's stock worth $32,000 after purchasing an additional 715 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Cohu by 45.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 452 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of Cohu in the fourth quarter valued at $34,000. 94.67% of the stock is currently owned by institutional investors.
About Cohu
(
Get Free Report)
Cohu, Inc is a global provider of semiconductor test and inspection solutions, offering a broad portfolio of products designed to support chip manufacturers, outsourced semiconductor assembly and test (OSAT) providers, and electronics original equipment manufacturers (OEMs). The company's product lineup includes automatic test handlers, wafer probers, test sockets, thermal subassembly systems and burn-in boards, all engineered to optimize throughput, accuracy and reliability in semiconductor production and final test.
Founded in 1947 and headquartered in Poway, California, Cohu has grown through both organic development and targeted acquisitions to become a recognized leader in test handling and interconnect technologies.
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